Report Update Nov 1, 2024

Sri Lanka - Air Compressors Mounted on A Wheeled Chassis for Towing - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Sri Lanka

In 2022, the Sri Lankan tow-behind air compressor market decreased by -65.6% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption saw a pronounced descent. Tow-behind air compressor consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Tow-Behind Air Compressor Exports

Exports from Sri Lanka

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from Sri Lanka; picking up by 381% against the previous year. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units) was the main destination for tow-behind air compressor exports from Sri Lanka, with a 71% share of total exports. Moreover, tow-behind air compressor exports to Japan exceeded the volume sent to the second major destination, Maldives (X units), eightfold. Vietnam (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+21.5% per year) and Vietnam (+17.5% per year).

In value terms, Japan ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was held by Vietnam ($X), with a 6.9% share of total exports. It was followed by Maldives, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled +209.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+50.2% per year) and Maldives (+29.4% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, surging by 124% against the previous year. In general, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 208%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+107.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Sri Lanka

After three years of growth, purchases abroad of air compressors mounted on a wheeled chassis for towing decreased by -65.6% to X units in 2022. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 604%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined significantly in the following year.

In value terms, tow-behind air compressor imports shrank notably to $X in 2022. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 213%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of tow-behind air compressor to Sri Lanka, with a 93% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.2% per year) and India (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Sri Lanka, comprising 56% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.2% per year) and India (-1.9% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, picking up by 4.3% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 231% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for air compressors mounted on a wheeled chassis for towing in the world?

China remains the largest tow-behind air compressor consuming country worldwide, accounting for 18% of total volume. Moreover, tow-behind air compressor consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The UK ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of air compressors mounted on a wheeled chassis for towing in the world?

China remains the largest tow-behind air compressor producing country worldwide, comprising approx. 45% of total volume. Moreover, tow-behind air compressor production in China exceeded the figures recorded by the second-largest producer, Italy, threefold. The third position in this ranking was occupied by Brazil, with a 5.2% share.

What are the leading suppliers of air compressors mounted on a wheeled chassis for towing to Sri Lanka?

In value terms, China and Japan constituted the largest tow-behind air compressor suppliers to Sri Lanka.

What are the leading importers of air compressors mounted on a wheeled chassis for towing from Sri Lanka?

In value terms, the UK emerged as the key foreign market for tow-behind air compressor exports from Sri Lanka, comprising 21% of total exports. The second position in the ranking was occupied by Italy, with a 6.8% share of total exports. It was followed by Maldives, with a 5.6% share.

What is the average export price for air compressors mounted on a wheeled chassis for towing in Sri Lanka?

The average tow-behind air compressor export price stood at $661 per unit in 2020, surging by 61% against the previous year.

What is the average import price for air compressors mounted on a wheeled chassis for towing in Sri Lanka?

The average tow-behind air compressor import price stood at $154 per unit in 2020, dropping by -36.8% against the previous year.

This report provides an in-depth analysis of the tow-behind air compressor market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28132400 - Air compressors mounted on a wheeled chassis for towing

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023